23,256 Shares in KE Holdings Inc. (NYSE:BEKE) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA purchased a new position in KE Holdings Inc. (NYSE:BEKE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 23,256 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. M&G PLC increased its stake in shares of KE by 16.4% in the third quarter. M&G PLC now owns 10,090,834 shares of the company’s stock worth $201,817,000 after buying an additional 1,422,667 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in KE by 203.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,478,102 shares of the company’s stock valued at $128,979,000 after purchasing an additional 4,340,517 shares during the last quarter. CoreView Capital Management Ltd increased its stake in KE by 11.2% during the third quarter. CoreView Capital Management Ltd now owns 5,112,701 shares of the company’s stock valued at $101,794,000 after purchasing an additional 515,197 shares during the last quarter. Geode Capital Management LLC increased its stake in KE by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,765,337 shares of the company’s stock valued at $74,323,000 after purchasing an additional 44,797 shares during the last quarter. Finally, Ninety One UK Ltd increased its stake in KE by 1.8% during the fourth quarter. Ninety One UK Ltd now owns 3,610,586 shares of the company’s stock valued at $66,507,000 after purchasing an additional 62,265 shares during the last quarter. Institutional investors own 39.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BEKE has been the subject of several recent research reports. Bank of America upgraded shares of KE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $28.00 in a research note on Wednesday, October 30th. Barclays boosted their target price on shares of KE from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, November 25th.

KE Stock Down 2.5 %

BEKE stock opened at $20.39 on Tuesday. The company has a market capitalization of $24.63 billion, a P/E ratio of 41.60, a PEG ratio of 3.34 and a beta of -0.76. The company has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $18.44. KE Holdings Inc. has a fifty-two week low of $12.44 and a fifty-two week high of $26.05.

KE Company Profile

KE Holdings Inc, through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services.